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National Housing Bank Increases the Refinance Limit to Rs 30000 crore for FY19

Capital Market 

The (NHB) has decided to increase the Refinance limit to Rs.30,000 crore. Now, eligible Housing Finance Companies & Other entities will have increased availability of funds.

had set an inital limit to sanction Rs. 24,000 crore this year (July 2018-June 2019) towards refinancing eligible institutions.

Till date, Rs.8835 crore has been sanctioned. This refinancing is a credit flow to Housing Finance Companies & other Institutions.

(NHB) is the to promote Housing Finance Institutions, currently 97 in number, and to provide financial support to eligible institutions. As a regulator, National Housing Bank regularly monitors the liquidity position of Housing Finance Companies.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 09 2018. 10:15 IST
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